NYSE$SHCO
Soho House & Co Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Revenue increased driven by rebound of In-House Revenue and the company opened two new Soho Houses.
Membership Collective Group reported strong total revenue growth driven by a significant rebound of In-House Revenue. The company successfully completed its Initial Public Offering and opened two new Soho Houses in London and Austin.
- Total revenue increased 118% to $124 million versus the same period last year.
- In-House Revenue increased to $46 million, driven by the reopening of Soho Houses.
- The MCG wait list grew to 63,700, the highest number to date.
- Two new Soho Houses were opened in London and Austin.
Headline financials
Revenue & EPS history
Soho House · Revenue · Quarterly
$124M
Revenue by segment
Soho House · $124M total across 3 segments · Q2 2021
- In-House revenue$46M—37.1%
- Membership revenue$45M—36.3%
- Other revenue$33M—26.6%
Forward guidance
MCG is optimistic about the ongoing recovery of In-House Revenues, but the exact timing depends on the progression of Covid-19 and associated restrictions. The company expects to open three new Soho Houses in Q3 2021 and Soho House Brighton in Q4 2021.
Tailwinds
- Optimistic about the ongoing recovery of In-House Revenues driven by pent-up demand.
- Stronger momentum in the UK compared to North America and Europe.
- Expect to open three new Soho Houses in the third quarter 2021.
- Expect to open Soho House Brighton in the fourth quarter 2021.
- Strong wait list and high number of applications position MCG well to grow the member base.
Headwinds
- Exact timing and profile of the recovery is conditional on the progression of Covid-19 and associated restrictions.
- Houses and other sites continue to be impacted by restrictions, particularly in Europe.
- Near term uncertainty around the shape of recovery due to rise of Covid-19 cases.
- The company has continued to take a cautious approach to accepting new Soho House members.
- Soho Home online revenue growth depends on member spending.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+5.1%
Avg return
Earnings day
+10.4%
Avg return
5 days after
+13.8%
Avg return
30 days after
73%
11 / 15 earnings
Positive
+41.8%
Q3 2024
Best reaction
-27.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.1% | -0.2% | -0.9% | |
| Q2 2025 | +12.5% | +18.1% | +36.8% | |
| Q1 2025 | +5.1% | -3.4% | +3.9% | |
| Q4 2024 | +2.2% | -21.8% | -10.6% | |
| Q3 2024 | +41.8% | +45.2% | +49.9% | |
| Q2 2024 | +1.7% | +15.2% | +21.8% | |
| Q1 2024 | +10.8% | +8.0% | -1.0% | |
| Q4 2023 | +23.7% | +21.9% | +10.7% | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | +3.2% | — | — | |
| Q3 2022 | -27.8% | — | — | |
| Q2 2022 | -16.8% | — | — | |
| Q1 2022 | -3.9% | — | — | |
| Q4 2021 | +13.4% | — | — | |
| Q3 2021 | +12.1% | — | — | |
| Q2 2021 | -1.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro